XRP is drawing renewed market attention after analyst Dark Defender signaled that the asset has officially completed its Monthly Wave 4 structure, opening the door to what he describes as the first steps of Wave 5. According to his latest chart, XRP is pressing into a decisive zone where a breakout above the yellow trendline could trigger accelerated momentum toward $3.01 and beyond.
XRP is currently priced at $2.21, carrying a bearish sentiment reading and a Fear & Greed score of 25 (Extreme Fear). Despite that backdrop, the broader structure now hints at a potential trend shift. Recent price behavior shows the market stabilizing after a volatile week, with buyers attempting to regain control from deep corrective lows.
Dark Defender’s Chart: The Roadmap for Wave 5
The chart presents a clear Elliott Wave sequence. Wave (3) topped earlier in 2025, followed by a classic A–B–C correction, marking the end of Wave (4). The most important structure to watch is the yellow descending trendline, which acts as the gateway to Wave 5.
Dark Defender highlights that once XRP breaks above this line, price action historically accelerates, often skipping intermediate resistance and moving directly toward key Fibonacci levels. The first major milestone he identifies is $3.01, aligned with the 70.2% retracement. Beyond that level, his Wave 5 projection stretches into the $5.80–$6.00 range, matching the 261.8% extension.
Another notable element is the green support rebound on his chart. XRP recently tapped the 23.6% Fibonacci area around $2.28, a zone that previously marked the beginning of strong expansions. The RSI at the bottom of the chart shows a clean bounce from oversold territory, adding momentum to the bullish argument.
Volatility, Capitulation, and a Sharp Rebound
The TradingView chart you provided captures XRP’s intense volatility over the past ten days. The market slid sharply from November 17 to 21, breaking below $2.00 and touching levels near $1.94. That move resembled a capitulation wick commonly seen at the end of multi-week corrective phases.
Momentum then shifted quickly. Between November 22 and 24, XRP staged a strong recovery, reclaiming the $2.20–$2.24 region and forming a base. The current action shows tight consolidation, suggesting traders are waiting for a catalyst, likely the challenge of the yellow trendline marked in Dark Defender’s analysis.
This recovery structure aligns neatly with the interpretation that Wave 4 has completed and a new impulse phase is becoming possible.
The Market Context
XRP’s indicators reflect mixed conditions. The 14-day RSI at 47.52 signals neutrality rather than exhaustion. Volatility remains elevated at 7.44%, a typical hallmark of trend transitions. The price continues to sit beneath both the 50-day SMA ($2.38) and 200-day SMA ($2.65) - levels that would strengthen the bullish narrative if reclaimed.
At the same time, the market’s extreme fear reading shows that sentiment remains fragile, which often precedes large upside moves when technical setups improve.
What Comes Next
XRP now sits at a genuine inflection point. Dark Defender’s structure gives traders a precise roadmap: consolidation beneath resistance, a wedge tightening into the yellow trendline, and the potential ignition of Wave 5 if price breaks through it.
If that breakout occurs, the analyst’s $3.01 confirmation level becomes the first checkpoint, and the door opens to a much broader rally window. If rejection occurs again, XRP could retest support in the $2.00–$1.95 zone before attempting another breakout.
For now, all eyes remain on the trendline that has shaped XRP’s corrective phase for months. A clean break above it would mark the beginning of a long-awaited expansion phase, one Dark Defender believes could finally propel XRP into its next major impulse.